He still does not understand how tariffs work. By that statement he honestly thinks that he will take a 25% cut of what is paid to TSMC, rather than the fact that the price of TSMC chips will go up 25%, and that extra 25% has to be paid by an American company.
It’s might be even worse then that; if something costs $1000 currently, with a 25% tariff could it not end up costing 33.3% more ($1,333), so that after the 25% tariff, the value returns to $1000?
He still does not understand how tariffs work. By that statement he honestly thinks that he will take a 25% cut of what is paid to TSMC, rather than the fact that the price of TSMC chips will go up 25%, and that extra 25% has to be paid by an American company.
It’s might be even worse then that; if something costs $1000 currently, with a 25% tariff could it not end up costing 33.3% more ($1,333), so that after the 25% tariff, the value returns to $1000?